You'll have to explain to me why they're cheap. A stock is not cheap just because it has gone down in price. This company has a market cap of 2.4 billion, and pays interest on 9.1 billion of debt. It's forecast to earn 9.7 cps this year, and 16.7 cps next year, yet is forecast to return dividends of 46 and 51 cents in those years. How does that work? It sounds like a funny money scheme to me.
MCG
macquarie communications infrastructure group
